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A short-term lease, exactly as stated, is a short-term rental agreement for a furnished residence. A typical contract is for at least one month and is set in monthly intervals. The items typically included are a TV, refrigerator, washing machine, air-conditioner and bed. Although there are a variety of different options, the standard deposit for a short-term lease in the Gangnam area is about 1 million won, and the rent starts at about 1 million won per month.